Job Resignation And How To Do It Right

Job Resignation And How To Do It RightJob resignation may seem like a crazy decision especially when you start thinking about job volatility and debt situation of most people. Those things alone should make you think twice about leaving a job behind. There are so many bills to pay and even an equal amount of saving goals you need to think about that resignation should be the last thing on your mind. However, there are a few things that might make you leave your current job.

No room for learning

It might not bother you at the beginning but you might start to notice it when you have been with the same company for a long time. If you have been doing the same thing since day one and boredom might already set in. This is because you are not learning and growing as a person and as an employee of the company. You might even be able to do your job with your eyes closed because of all the years of doing the same thing.

Not all companies offer skills training for their employees and it is fast becoming a need for companies to stay competitive. If they want to compete in their industry and be a top player, they need to continuously train and educate their employees. If your company is already complacent and rejects this thinking, it might be a good idea to start thinking about other job opportunities.

Long commute to work and back

You may not have thought about it but the commute to and from the office can be one of the reasons why people think about job resignation. If you start paying attention to the long hours it takes you to get to work and back, you could have spent that on something else. Imagine being with your family earlier or getting in some exercise in a day with the time you spend going to work.

There are a few companies which are warming up to the idea of telecommuting. This is where you get to work from the comforts of your own home. This is a great option to avoid the long commute but not all companies are offering it yet. That is why a lot of consumers are starting to factor in their commute when deciding on a job.

Your salary has not moved up in a long time

One of the biggest factors why you would think about leaving your job is your salary. There is a good chance that you accepted a lower salary, in the beginning, thinking it is just at the start. Eventually, your pay would increase over time. It means the longer you are with a company, the higher your salary should be. However, when your salary has not gone up for a long time, it might be time to look for another job.

There could be reasons why you have stayed for a long time and not think about job resignation. One is the possibility of actually loving what you do. There are times that you just want things to be simple. Since you already know your job, you do not want to start somewhere new. At times, you also like the people you work with that is why you choose to stay. However, a stagnant salary will soon rear its ugly head. Your expenses can grow over time and when you are unable to keep up, your salary will soon become an issue.

The work environment is not conducive to growth

Apart from the pay, the working environment is also a factor when it comes to staying at your job or not. Your colleagues have a lot to do with this because you spend most of the day with them in the office. If they are a toxic group and prevents you from growing as a person, it might be time to look for a more conducive working environment elsewhere.

You might not think much of it at the beginning but sooner or later, it will take its toll on your working environment. It is not impossible that you start to avoid them in the office and even think of reasons not to report for work on certain days. Once this happens, it already affects your working environment and lowers down your desire to give it your best at work.

Job resignation because of a better offer

There is no question that if you get a better offer from another company, you would start to consider the possibility of a moving. The bigger pay is a consideration but there are other factors you need to consider. One could be the working environment and even the possibility of growth and learn new sets of skill.

Now that you have an idea what the possible reasons are for resigning from your job, here are some tips on how to do it right.

Plan your exit well

One of the things you need to remember when you are set on your job resignation is giving ample notice about it. There are some who gives as little as two weeks and some high-level positions can even be given a year. It all depends on the type of work that you do and how complex and integrated it is in the company’s operations.

Apart from the notice, you also need to make sure that you finish everything you have started before heading out the door. You might think that you can just pass it onto your replacement but it leaves a better impression when you do not leave things hanging. You get to leave your job without any pending matters no one knows about.

One other thing you need to remember is to train your replacement well. If you have pending tasks, it is a good way to show your replacement how to do the things you do. This will help the company not miss a beat and you get to help someone new understand their job and the company better.

Tread carefully with the exit interview

It is not uncommon for companies to conduct an exit interview when employees are about to leave the company. A job resignation usually triggers this process where you sit down with a member of your HR department. They will ask you questions and get your feedback about your experience with the company.

This is not the time to freely express your comments and opinions on the attitude and shortcomings of your coworkers and even your boss. As much as possible, try to constructively give your opinions and do not burn the bridge so to speak. You need to remember that the time may come that you will need recommendation letters from them. Remember that the Bureau of Labor Statistics shared that the average tenure of employees is only at 4.2 years.

There are a lot of reasons why you would consider a job resignation and there are ways to go over it professionally. Once you leave a company, you do not just disappear one day hoping everything is square. You need to follow a certain process that involves giving notice to an exit interview all the way to training your replacement. This way, you can leave the company on good terms and be able to start with a new one without any baggage from the old company you worked for.

Common Marriage Problems And How To Deal With Them

Common Marriage Problems And How To Deal With ThemThere are a number of common marriage problems that couples need to be aware of to keep their relationship from falling off the wagon.  There are still people who believe that marriage is an easy stage in their life. These couples believe that their love for each other is more than enough to get them through anything. That may be true and it is a good start but marriage will require more than that for them to keep their marriage alive.

American Psychological Association shares that as much as 50% of married couples in the country divorce. That is a big percentage of married couples and might make marriage a little more scary for couples. This statistic alone can give any couple planning a wedding cold feet. If it is as bad as they say, why go through it?

If people always had this way of thinking, we would all still be cavemen restricted to living in fear inside caves and all joined together in a makeshift fire. However, people ventured out regardless of danger and now we are able to travel by land, sea, air, and even in space. This means that common marriage problems can be addressed and couples can still make it work.

Problems will always be part of life especially when you try to make a marriage work. You are essentially combining two of everything from character to habits and even aspirations and goals. It can be tough living alone let alone with another person. But love plays a crucial role in this bond. Armed with that, here are some of the more common marital problems you need to be aware of.

Infidelity is one of the common marriage problems

Commitment should be a given in any relationship but there are some people who can’t seem to grasp the concept of sticking to one partner. One of the main reason why you want to get married is to spend the rest of your life with that one person you love the most. Marriage is announcing to the whole world that you intend to spend your life with your spouse.

However, when you start to entertain the thought of other people and being with them romantically, that is the start of infidelity. If you begin to act on that thought, you will start to go down a road that will most likely hurt your spouse. Marriage is an everyday commitment and you need to remember that it includes staying true to your partner.

Financial problems

Money and love usually don’t mix well but when you get married, you need to make the two work hand in hand. There are a number of budgeting strategies couples use to avoid one of the most common marriage problems known to people. It is not one of the most romantic topics between two people who are in love but if you want to prolong your relationship, this is an important one to talk about.

There are a number of reasons why finances have a direct correlation with the success of a marriage. For one, you both need it to make a life together. Being in love is the most important aspect of a union but once the bill starts to come in, you have to start looking at your finances. You need to figure out how to maintain your lifestyle

One idea is to sit down and discuss your finances in detail. How much you both are making and what expenses and debt are you bringing into the relationship. This is one of those financial talks you need before getting married. However, doing it early in your union is better than not at all. Once you have those details, you can start creating a budget.

This budget will help you two allocate your income so you get to pay for your expenses, meet your debt obligations, as well as plan for the future. This tool will help you layout your financial game plan and help you both grow as a couple.

Not talking to each other

It might sound a little weird when couples mention they do not talk to each other but it happens. Even if they are not in a fight, there are couples who prefer not talking to each other and this is another one of the most common marriage problems people face. It is not that they just forget about each other, their inability to talk to each other can be caused by a number of things.

For one, you need to factor in the background of your spouse or even yours when it comes to talking and being open with the things around you. It is possible that you or your spouse is not used to talking about things. You might also have unrealistic expectations of each other thinking the other would take care of specific tasks at hand.

The simplest and most direct way to manage this problem is to talk to each other. You do not have to talk about everything at the same time. You just have to start opening up and including your spouse in the conversation. Once they talk, you need to listen in as well. Look at where they are coming from and if there is a problem, start looking for ways to solve them as a couple.

Unrealistic expectations

When you start talking about common marriage problems, expectations have a big hand to play in the matter. One of the first few things you need to do when getting involved with someone especially when marriage is looming is to manage both your expectations. This helps you gauge your relationship in a whole new level.

If you are a guy and your idea of a wife is staying at home and taking care of the house and kids, you need to make sure your wife is on board. They might have career goals that they also want to reach. If you are a woman and you expect your guy to know everything around the house, you might start to get mad when they can’t fix a broken pipe. You need to talk to each other or know each other well enough that you have an idea what each one is bringing to the marriage.

Marriage preparation

You might hear people say that they are not yet prepared to get married because of a number of reasons. They haven’t saved up enough, they are just starting out at work, or even they still have a lot of debt obligations to pay off. Bottomline is that they want everything to be perfect first before settling down. If this is your way of thinking, you might already be nearing retirement and you haven’t gotten married yet.

You can never be fully prepared for marriage. You just have to do what you can and be smart about it. If you don’t have the funds yet for a big wedding, have an intimate one with close family and friends. If getting a house is still not financially viable, look for a place to rent first. Timely payments can also help your credit score making a mortgage loan applications easier in a few year’s time.

Most common marriage problems can set you back and make you think if you are making the right decision life. However, these problems have solutions but you need to work hard for it. It may not be easy but choosing to fight for it and stay in a relationship with the person you love will be worth it.

Retirement Debt Problems Can Come From These Situations

Retirement Debt Problems Can Come From These SituationsThere are retirement debt problems that you need to be on guard for when you are nearing that stage in your life. It would be a shame to undo decades of hardwork just because you did not manage your retirement money well. You might be on track with your saving but a few wrong moves and you start to entertain the thought of going back to work because you do not have enough to retire on.

Retirement should be fun and it needs to excite you because you are about to enter a new phase in your life. You are about to disengage from the nine to five rat race and spend time doing what you love to do. This is a lot more exciting if you really did not love what you have been doing for the past few years. These things tend to happen and make retirement all the more appealing.

This thought makes it more important to take note of potential retirement debt problems. This helps you stay the course and be able to enjoy your golden years. If not, you will need to keep working for a few more years just to reach your goal. That is if you reach your goal because small miscalculations can end up costing you big time.

Compound interest is a great tool that helps you grow your savings and investment over time. When you miss out a few years of using it to your advantage, it might be hard to catch up to your goal. Not only will you save for the actual amount you should have put in, you need to factor in for the lost interest for all the time that you did not save. Here are a few more pitfalls in retirement planning you need to be aware of.

Co-signing loans

One of the retirement debt problems you can get into when you hit your golden years is deciding to help with loan applications of family and friends. It is not uncommon for family and friends to come up to you asking if you can co-sign a loan so they can be approved. The reason for this is that they believe you do not have any big purchases looming in the near future. That and the fact that you might have a good credit score. This is a quick way to get into financial trouble in retirement.

Once you agree to this, think of it like you are applying for a new loan under your name as well. Even if the other person assures you that they will keep up with the payments, once they miss one or two, your score will be affected as well. Worse, if that account goes into collection, you will start to get harassing phone calls.  

Grabbing quick-rich schemes

Retirement debt problems usually start when you begin to gabel with whatever amount you have saved up. You can make the argument that you are simply trying to increase your nest egg but the end will never justify the means. It takes a lot of hardwork and planning to ensure that you have enough funds saved for the future.

It will be enticing when someone approaches you promising you unbelievable returns on your investment with minimal risk. If it sounds too good to be true, there is a big chance that it is. What you might be thinking is that it gives you the chance to reach your goals faster. However, you might end up adding a few more working years. This is because you lost your investment and you are now further away from your goal from when you started.

Spending too much in a hurry

Once you hit retirement, you might be eager to spend your retirement money rather quickly. You go out and neglect the fact that you have a budget to stick to and run up quite a long list on credit card purchase. You lose your sense of direction and just go out and paint the town red. This is because you believe this is what retirement is all about.

Retirement debt problems will not be too far behind if this is your way of thinking. You need to remember that you worked long and hard to save up money for retirement. If you keep on spending like there is no tomorrow, you will soon find the need to go back to work. This is because you have used up all your retirement fund too quickly.

One you hit retirement, you need to stick to your budget and your plan. It is an exciting time for you but you need to keep your emotions in check. Be careful and continue to monitor your finances even in retirement. This is one way of guarding your funds and ensuring that you get to enjoy your golden years with your funds intact.

Charging too much in your credit card

This is a lot similar to being too excited at the beginning of your retirement years. However, this can happen over a long period of time. This might even be one of those financial habits that you need to change. Credit card use can help you manage your finances and even your budget better when done right.

However, when you lose control and start using your credit card aimlessly, you tend to rack up some big debt amounts. CNBC shares that credit card balances of Americans is over $6,000 so you better keep track of your spending. Try not to use your card for a purchase which you cannot pay for in cash. Once you use it to cover your cash shortage, your problems will start to come rolling in. You might even start to alternate and transfer credit card debt just to stay afloat. Debt is something you need to avoid when you get to retirement.

Lending money left and right

One of the most common retirement debt problems is lending money to family and friends. There is nothing wrong with your desire to help but not to the extent where you put your own finances in peril. There are a few reasons why family and friends seem to flock to you asking for help while you are in retirement. One is that they might think that you have no need for cash since you are already retired.

The truth, however, is the exact opposite. You actually need it now more than ever because you no longer have a steady source of income. When you retire, you are actually relying on what you have saved up for the past few years. This will be your main source of funds for all your retirement expenses and needs. Once you lend money to people, you are putting your retirement in danger.

Neglecting your health

When you retire, you need to make sure that you are still able to take care of your health. A healthy and sound mind and body keep you away from sickness. The healthier you are, the less you need to spend on doctor and hospital visits. It also helps that you get to enjoy a better quality of life when you are healthier in retirement. You get to do more activities even at old age.

There are a number of retirement debt problems you need to be aware of when you plan for your golden years. Knowing these potential pitfalls makes you more aware of what to avoid and help you prepare for them better.

Single Senior Finances And How You Can Manage It Well

Single Senior Finances And How You Can Manage It WellSingle senior finances are one of the points in your life that you need to plan for because you will have a tougher hill to climb than the rest. You need to understand that one of the components that makes old life easier is when you have a family with you. If you are going through it alone then it changes the dynamics of old age retirement.

If you start comparing it to traditional retirement planning, going at it alone is a lot different. Parts of your retirement planning might seem a little easier since you are only planning for yourself. However, you need to understand that this is more challenging because you would need to do everything on your own.

Single senior finances mean that you do not have any spouse or even children to help you with old age needs. You might have some friends from work or in your neighborhood but may not be enough. Besides, they might start to focus on their own needs as they get older. When that happens, they might not be able to help you as much as they want.

This and the fact that you are alone makes it all the more important to make sure you plan for old age well. While you can, you need to put in all the work to make it possible your golden years. There is no one else to rely on but yourself so better make it count. Here are a few things you might want to look into to help you prepare better.

Manage all debt payments before hitting retirement

While you can, it is important to manage your debt obligations especially if you are nearing retirement. If you are just starting out, try and plot out your payments to make sure that you pay everything off before you retire. This is important especially when you start to look at your big-ticket debt items.

For one, you need to make sure that you pay off your mortgage loan before you hit retirement. It will put too much stress on your finances because house payments tend to be a big amount in your expenses. Take a look at other big payments such as your student loans and even car loans try to work on the same timeline. Your objective is to pay these off before heading into retirement.

Carrying these debt payments while trying to enjoy retirement will cut into your retirement funds. You can make an argument that you can just sell the house and even earn from the sale. But these types of life and financial decisions need to be planned out very carefully. You also need to time these well so you are not left homeless on the street.

Look for ways to lower your expenses in old age will help single senior finances

Making every dollar count is important in single senior finances. You need to be able to stretch your budget to cover a lot in your expenses. This might even be a good time to start looking into a frugal lifestyle. Whatever you decide on, it is best to identify areas on how you can cut down on your budget expense side.

As mentioned earlier, joining the tiny house movement in retirement is one of the ways you can bring down your expenses. You might even be able to get a hefty sum from the sale of the house. However, timing is important in these types of decision. You need to make sure that selling the house and closing your purchase on the one you want to buy net are in succession. A hitch on one of the will either make you pay for two mortgages until you dispose of your old house or become homeless when you sell the old house but fail to close on the new one.

One other idea you might want to consider is relocating to a new place where the cost of living is relatively lower than where you are now. Forbes shares that Costa Rica is one of the top retirement countries at present. This can help you get more out of your retirement money. Choosing to live in a smaller house and in a new place may look daunting because you are doing something new. Just think of it as an exciting stage in your life where you get to meet new people in a new place.

Identify areas to increase your income

Once you hit retirement, you might have this notion of just hanging out in your porch the whole day reading newspapers or books or knitting whatever you want. Though there are some retirees who feel it is for them and this is their idea of single senior finances, this should not be your default thinking. If at all, retirement should be an exciting stage in your life.

For one, it can give you the chance to pursue something that you really love. That is if you did not have the luxury of doing the same while you were still working. Not everyone lands their dream job so retirement affords the luxury of going after what you really want to do. As an added benefit, you can even earn from it.

This becomes an income-positive hobby that benefits you in two ways. You get to spend time doing what you love doing. In this case, you will not feel like you are working at all. The money you earn can be used to add to your retirement fund. This can give you more elbow room to pursue other activities such as vacations or visiting family and friends.

Lower down your stress level

This is one of those objectives which are easier said than done but it does not mean it’s impossible. There are a few things to look into and try to lower down your stress level. For one, doing a hobby that you earn from can be great in reducing stress. If you love baking, then it can help you manage some stress in your life. The additional income, if you get to sell it, will even help with single senior finances.

You can also try and start putting in some exercise into your daily routine. It helps you feel food afterward. Not to mention that the stronger and healthier you are, the more it can help with your single senior finances. It lessens the need for doctor’s appointments and even hospital emergency visits. You might also lower the need for maintenance medicines.

Look for new friends

If you do decide to retire elsewhere and buy a smaller house, it is important to make new friends in your new place. For one, you will need the support system once you find it harder to move around. If your finance allows it, you can check out assisted living facilities so there will be people taking care of your every need.

Single senior finances might be daunting for single people who are about to enter into retirement. It might feel like you are going to be up against everything all by yourself. However, this is not the case because there are a lot of living arrangements you can opt to make a comfortable life in retirement. You can still have a full life in your golden years if you start preparing for it early on.

Elder Orphan Finances And How To Plan For It

Elder Orphan Finances And How To Plan For ItElder orphan finances might be something you haven’t thought of but is certainly a possibility for a lot of people. There is no question that older single and childless people are more at risk when they get older. This is compared to people who still have a partner and kids. Facing medical problems as well as financial ones is a lot more challenging for elder orphans.

It might not sound that big of a deal but there are a lot of seniors who are having to face their golden years all alone. They do not have a partner or children to look after them. In fact, in a recent article released by Time magazine, there are a lot of people in that demographic. The chief of geriatric and palliative medicine at Northwell Health Dr. Maria Carney shares that there are about 22% of people aged 65 and up who are elder orphans or could become one.

Elder orphan finances is a lot more than just trying to save for old age alone. Though it is an important component to make it possible for seniors to live comfortably on their own, they need to look at other aspects as well. These can be learning about the resources they can take advantage of in the community or even senior-friendly housing.

Here are some of the things you need to look into when you are getting to old age alone.

Forward planning

One of the most important aspects of elder orphan planning is doing it early on when you are still healthy and able. This is one of the planning aspects often overlooked by single people who are nearing retirement. Time is a commodity that can easily slip past the grasp of people when they are not paying too much attention to it.

Elder orphan finances mean knowing early on where you will be spending your retirement years. You might want to consider an area that is easy and safe to walk around in and mass transportation is accessible. You need to identify places of need and interest from the hospital to the mall and even the airport. All these will factor in when you start looking and saving for the perfect place to retire.

Prepare legal documents ahead

Part of the preparations you need to make for old age retirement is putting all the paperwork in place. One thing you need to look at would be your last will and testament. This is quite tricky when you really do not have any family members to leave an inheritance to. However, creating one gives you the power to decide over your estate rather than the government when the time comes.

It is also important to have your health and financial proxy in place because you never know when you will need it. When you get incapacitated, you need to make sure that you nominate the right people to decide on your behalf. However, when you are looking at elder orphan finances, it is because you do not have anyone to depend on when you get old. This makes assigning a proxy quite challenging.

One thing you can look into is elder care resources in your region. There are also cases where your doctor or their colleagues might be willing to step in as your proxy. You just have to remember that when a doctor does this, they cannot continue to be your healthcare provider because of conflict of interest. You can also try asking a friend, niece, clergy, or even a lawyer as a proxy.

Widen your social network

It does not mean you should start spending more time online and growing your online social network. It simply means you have to make new friends as you grow older. For one, old friends might live quote far from you or caught up with their own needs. This means you have to look for new friends as you get older especially if you are in a new place.

One of the things you can do is to consider joining clubs in your area to have new friends. It is also possible to start volunteering or even taking some classes. Look at activities that you already love in the first place. Constant exposure to a new group of people could lead to the friendship which will be valuable for you in the long run.

There are others like you

There is a big chance that as you are planning for elder orphan finances, there will be others just like you in your area. You just have to make an effort of going out and looking for them. You can use social media to look for them or you can ask around so you1 can connect with them. Of course, once you develop a friendship, this should go both ways. You also need to look after them just as they would do the same to you.

Think creatively

This is one area in elder orphan finances that should excite you because there are a lot of ways to go about it. For one, you can use technology to help you manage old age without much help. There is a growing number of home-delivery of services and even products aimed at elder orphans. This can even include doctors making house calls.

There is also some in-home technology available that will help remind you to take your medicines at different times of the day. As you get older, your memory can slowly fade and it is a lot harder to remember even simple things. Technology like Amazon’s Alexa can jot down recipes for you as you dictate. This helps you with grocery shopping the next time around.

When it comes to living situation, you can also consider taking in roommates so there will other people in the house looking after you. If your elder orphan finances will allow it, you can consider transferring either to a senior community or in an assisted living facility. There are even some older people who choose to adopt to have family take care of them and to have someone bequeath their inheritances to.

Cultivate your hobby

One of the things to keep you busy and fulfilled at the same time is to look at income-positive hobbies to keep you busy during your retirement years. If you love baking, you can start selling to family and friends. You can even look for a weekend market nearby to have an outlet for your goods when you are off at work. Doing so helps you with any financial needs as you age but it keeps you busy as well. This also prevents you from overspending as you are focused on your hobby.

There are a number of considerations when you start to look at elder orphan finances and there are a lot of ways to prepare for it. You need to do it early enough while you still can because doing it when you are already old and unable to make decisions on your own will be too late. It is also possible to think that you are all alone but there are a lot of people who can help you. You can start with distant relatives, members of your church, or even your doctor. The bottomline is you have to prepare for it early and you can have a full life even if you do not have family in the end.